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for the future. >>> myanmar's opposition leader aung san suu kyi has called on india to support her country as it moves towards democracy. aung san suu kyi made the call in new delhi, india, on wednesday where she's visiting for the first time in 25 years. she asked india to support the people of myanmar as they continue to strive toward their goal of creating a democratic state. >> as long as our peoples remain bound in understanding and mutual respect, the friendship between our two countries will last far into the future. >> in a speech she cited her own close relationship with india, referring to the period when she lived there. at that time her mother was serving as then burma's ambassador to india. ahead of the lecture she exchanged views with india's prime minister singh about the process of bringing democracy to myanmar. >>> afghanistan produces more than 80% of opium circulating around the world and trade in the drug threatens to destabilize the entire region. politicians from several nations have been meeting in the pakistani capital islamabad to discuss ways to tackle the problem
on wednesday morning after the president of india rejected his plea for mercy. a pakistani national, he had been sentenced to death by a court in mumbai on charges of waging war against india, and murder. india's prime -- foreign minister said that pakistan objected to the decision we attempted to communicate with the pakistan -- a objected to the decision. >> we attempted to communicate with the pakistan foreign office. and since those comments were not received by the foreign office, by fax we communicated with them. >> outside, people have been celebrating an enchanting -- and chanting. execution, while legally in india, is rare. the last one was eight years ago. this man carried out one of the deadliest attack this country has seen. >> his body has been buried in the premises of this jail. the timing is significant, because it comes just days before the fourth anniversary of the november, 2008 deaths. >> last year, lasala or had the second-highest murder rate in the world. -- el salvador had the second highest murder rate in the world. earlier this year, a truce was broken between the t
will be watching very closely is india. one of china's largest trading partners. a rather unequal relationship. exports -- giant -- a three-time is from china to india. apparently the religious has been improving recently. trade ministers left where china assured india of greater market access. let's listen to what the indian finance minister has been saying about that relationship. >> china is an important country for india. they are a neighbor. they are the largest trading partner. and we remain engaged. at the same time, continue trying to create a balance because there is an adverse balance of trade, and we are seeking market access to companies -- in be in pharmaceuticals. i hope it will happen. >> slightly closer to home for us. we heard about the european growth forecast plummeting. what can they do and what and the european central bank can do about it with interest rates? >> we will be hearing from the ecb in about a half an hour's time. the expectation is they are going to keep interest rates steady at 0.75%. more interestingly will be what mario draghi actually says after that meeti
today. >>> now, still to come on the program, the latest gdp figures out of india have disappointed. we'll ask what it takes to boost growth now. >>> welcome back. these are your headlines. mario draghi turns up the heat on eurozone governments, says not to rely solely on the ecb. >> the crisis has shown that we were living in the fairy world in the sense that we underestimated our amount of our equilibrium. >> and a greek tee fault could be the end of the euro. and japan posts surprisingly strong industrial output in october and the government announces yet another stimulus package sending tokyo stocks to a seven month high. and president obama takes his case for tax hikes for the wealthy to the american people as the war of words between democrats and republicans over the fiscal cliff heats up. european markets not so much of a fairy world if we can use the draghi expression. a little higher. xetra dax leading the way up 0.3%. cac 40, ftse 100 on its heats. ibex 35 is lower. bond space shows pretty positive attitude, as well. yields falling in spain, italy again this morning. 5.35%, 4
five years ago, we thought china and india and other emerging economies might sign on to emissions reduction and therefore if we reduced emissions, perhaps global temperatures would be reduced. i don't take a position on whether man-made emissions cause global warming are not, but if we are reducing emissions in china and india, which make up 37% of the worlds population are not doing so, we're not going to have any effect on global temperatures. in the first chapter of the book i talk about geoengineering solutions that nobel prize winning scientists paul crookston thinks could reduce global temperatures if we adjust honoring such as spurring water or painting rooms white to reflect the sun rays. what we are doing with the $12 billion they spent on alternative energy is pushing people into cars they don't want to buy. we are raising electricity costs. we are getting rid of incandescent light bulbs and fluorescent lightbulbs. the cost of this falls disproportionately on to those who are least able to afford it. the lowest of the income distribution according to recent data assessme
with the interviews of priceline and diagio making a $2 million bet on india. one more look at futures, once again, negative actions here. we'll see how we close out this crazy week. >>> a few travel websites are hooking up. priceline going to buy kayak working out to $1.8 billion. it comes just about four months after kayak went public. priceline ceo jeffrey boyd will discuss the deal exclusively on "squawk on the street" at 11 a.m. eastern time. this is a tricky deal, jim, because kayak makes money by referring to the likes of a priceline and expedia. now priceline doesn't have to pay as much to be referred because it owns kayak and can make money off kayak referring to rivals like expedia. >> i thought it was kind of a dazzling move. these sites are very, very powerful, it's the way people travel. kayak doesn't look like a great site but it is very powerful way for people to be able to find out the best price move. hotels.com, priceline. i know priceline is looking down, apparently, but this was smart. >> you chase orbitz and try to find out who's next? >> this is a powerful combination, i thin
also finished lower after the rba cut its growth forecast. most miners finished in the red. in india, the sensex still in action now lower by about 1%. but hopes of a stake sale. orient express hotels rejected the bid. investors cheered the news after they worry about the impact of the acquisition on its balance sheet. ross, back to you. >> i'll pick it up now. any euphoria the obama administration feels could be erased by the thought of getting obama'sed edagenda through and divided congress. you can get more at cnbc.com. china is awaiting their new government and apparently expressing their envy of the u.s. democratic process. plenty more at changing china.cnbc.com. and also on the website, iranian warplanes fired an unmanned u.s. drone in international air space according to the pentagon. a formal warning was sent to tehran you through diplomatic channels. if the drone were hit it could have forced retaliation from the u.s. so against this backdrop, we want to know which of these stories is most important for the months ahead or is it something else entirely that we're not yet foc
delhi. >> yes, there is trouble for walmart. it started operations in india in 2009. and this internal investigation is part of an investigation with the securities exchange commission. they decided to expand the scope of the internal investigation to look into operations in india and china. we understand from our sources that a team led by executives from kpmg as well as a law firm here in india and as of now, the chief financial officer along with another couple of key executives have been suspended. they've been asked not to report to work until this internal investigation is complete. this couldn't have come at a worst time because remember the india parliament has been given the go ahead as far as walmart being able to step up its stores here in india. so this is going to be another reason for the opposition parties to force the government into a possible reversal of the decision. so it's looking difficult for walmart at this point in time. we've tried to contact the company. they have confirmed the investigation is on. there is no time line that's been given by when they expect a
her body back to india. i spoke to them by telephone. he claims medical staff to refuse to give his wife and abortion. >> unfortunately, it is a lot. >> she you believe if she would have been allowed the termination she wanted she would have survived? >> of course. >> ireland's health minister has ordered an immediate investigation into what happened. >> for anyone to have died during pregnancy is something we are upset by. >> ireland has had a number of referendums on abortion, but the legal agenda has not been enshrined in legislation. although abortion have been allowed when a woman's life is they say legal confusion has to be end. >> i think there is a lack of guidelines. there would not have been a mechanism for doctors to determine what to do. >> question time in dublin parliament was dominated by the guest curator modern ireland has been reluctant to legislate, but be aturn now to turning point in-house irish history. >> after months of speculation, we are about to find out who will takeover china costs -- china's leadership. there are growing calls for change. >> as they ste
to india tolet caribbean and various place us to get a procedure because it was done well and cheaper. and so it can happen here. we need a free market system with competition to prove at, that's all. >> it seems like that is one thing we do differently here than other countris and that is having more competition. tort reform not so much. but competition. >> i come from a count reap where the country is the government who are forcing all of the prices down. you need competition. fundmentally americans are paying too much and they are suffering. >> go out in new york and shop a knee replacement. you will find the bill all over the charts is no transparency in the hospital. you force them to be transparent. >> still doctors out there to beef up want bill to cover other costs including malpractice surance. which is why we need tort reform. >> and you are telling me aspirin doesn't cost ever upon you? buy a home in america you can get automatic citizenship. get automatic citizenship. we debate and you decide. can i help you? i heard you guys can ship ground for less than the ups store. th
of gold in their collective pockets. but they're not alone. china look set to overtake india as the world's top gold consumer this year. meanwhile, china's icbc bank says that within an economy on the mend, rising domestic income and new gold linked investment products in the offing, china's potential as a global gold haven is huge. even the pboc appears to be in on the act. the london bouillon market association says beijing may be mulling options to tack on more gold to its reserves soon. >> joining us now from hong kong, martin henekyp what is the diwali effect for gold and gold prices? >> demand has been quite reasonable as was mentioned despite the relatively weak indian economy and weak rupee. but you can't blame them if the rupee is very weak, what would you do if you don't have trust in the currency going forward. and we just had actually the indianville production figures out, they were weaker than expected, actually down for september 0.4%. negatively an expectation of 2.8%. and at the same time, the consumer prices rose by 9.75%. so somewhat of a stagflation there, but the econ
as far as the emerging market countries like india and china which have been the drivers for growth, and with the slow down coming in, nestle does 1k3ek9d that to ease just a bit. be he continues to be confident and very clearly suggesting that nestle will not sacrifice margins to go after volumes or market share. here's what paul volcker had to say in this exclusive interview. >> we're in for quite a few more year. the debt crisis in europe is not something that has been built overnight, so it won't be a solution overnight either. but also the positive trecnds ae there to stay. it is a dynamic that will be positive for a long time. i'm always an optimist. i think you have to be. >> and you're hoping the emerging markets will continue to drive growth. in fact that's the difference in comparison because it's really been your emerging market growth driving sales for you. but i want to pick up on that because we've actually seen in asia, africa, sales down. you also believe china because of the way the chinese economy has slowed down as not delivered as per your expectations or its tru
diamond, which is described as internally flawless, came from ancient mines in india. it sold to an anonymous telephone bidder. it is the highest price per carry -- carat ever paid for a colorless diamond and well above the pre-sale estimate. >> we have to take a break, but when we come back, we will hone in on a country where the cash is not flowing so readily -- spain. >> after the break, we will touch on another challenge. >> that's in a minute. >> welcome back. the spanish government might soon have another problem to add to its plate. recent polls show that more than half of the citizens in the catalonia region want to break away from spain all together. >> if the party wins in elections, it could put more pressure on madrid for independence. catalonia is located in the country's northeast. its economy is strong, especially when compared to the rest of the country. many citizens and business leaders feel they are contributing more than they are getting back from their government. >> barcelona, the capital of catalonia, is an economic powerhouse. the regional push for inde
towards the north. but around bangladesh and eastern india, going into the early part of next week, you'll be wanting to watch this. there will be some heavy rainfall coming out of it. as far as temperatures, though, hong kong with a high of 22 on your saturday, chongqing at 20, minus 6 in ulan bator, and over here towards tokyo, getting down to 15. but once again, going into sunday, even monday, it is going to be getting much chillier than that, highs only around 10 degrees. over towards the americas, high pressure is dominating. what that means, big capping dome here of clear skies is on tap. some cool temperatures, but it's going to be fairly nic here going through your weekend. across the west coast, though, not so much the case. we have a few pacific storm systems pushing onshore here bringing with it some heavy rainfall, reducing visibilities out across the areas. if you're flying out of vancouver, seattle, even san francisco, check your flights out ahead of time. they could be delayed or canceled. then farther inland, skiers are going to be happy. some heavy snow will be falling
its way off here towards the north. but around bangladesh and eastern india, going into the early part of next week, you'll be wanting to watch this. going to be some heavy rainfall coming out of it. as far as temperatures, though, hong kong with a high of 22 on your saturday, chongqing at 20, minus 6 in ulan bator, and over here towards tokyo, getting down to 15. but once again, going into sunday, even monday, it is going to be getting much chillier than that, highs only going to be around 10 degrees. over towards the americas, high pressure is dominating. what that means, big capping dome here of clear skies is on tap. some cool temperatures, but it's going to be fairly nice here going through your weekend. across the west coast, though, not so much the case. we have a few pacific storm systems pushing onshore here bringing with it some heavy rainfall, reducing visibilities out across the areas. if you're flying out of vancouver, seattle, even san francisco, check your flights out ahead of time. they could be delayed or canceled. and then farther inland, skiers are going to be happy.
with a stable outlook for india. the agency mentioned a list of positives including india's high savings and investment rates, large diverse economy, but moody's did warn of credit challenges posed by india's weak infrastructure, high government debt and inflation. also under pressure partly due you to the country's strong reliance on imported crude. india is the world's fourthimpo may be some relief in sight. cnbc has more on the story live from new delhi. >> so this is a really big asset when talking about the field. field one will be producing 400,000 barrels a day. phase two producing 1 million barrels of oil every day. and conoco phillips announced an agreement for the $5 billion deal, but i would like to point out this deal is far from done. there are plenty of consortium partners when you're talking about it. for example shell, exxonmobile, all holding a a little over 16%. it will require all consortium partners. become when bp wanted to exit, in the end actually bought the stake, so we'll have to perhaps see a lot of work being done by conoco phillips to convince the partners to
with opportunities. india, china, brazil, ishares, small-caps, large-caps ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. taefficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and eenses. read and consider it carefully before investing. you walk into a nventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on wh their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we ise your sleep number settingnd allow the bed to contour to your indivi
business practices in china, india, and brazil. the news comes as hundreds of walmart workers walked off the job this week to protest low wages, poor benefits, and alleged retaliation from management. workers a promise to wait -- a wave of strikes and protests next week, culminating in a mass of their action on black friday. the spanish government has approved a two-year suspension of evictions for some of the neediest homeowners unable to pay their mortgages amidst an economic crisis that has seen hundreds of thousands lose their homes. spain's mortgage crisis was thrown into the spotlight after two recent eviction-related suicide. spain's finance minister outlined the changes thursday. the changes came after growing mass movement pressured the government to act. activists said thursday's reforms still fail to address the issue that spain's homeowners remain saddled with debt even after they lose their homes. and ireland, thousands have taken to the streets in protest following the death of a woman who was denied access to abortion. savita halappanavar had begged doctors for an abortion
want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> welcome back, everybody. we are in chairs this morning lo
a commercial hub linking markets in india and bangladesh with southeast asia. >> analysts say china will be paying close attention to this visit highlighting the delicate struggle for power being played out in this region. >> all we would have to do is add vietnam and it would be a very clear signal about china improving relations with allies. certainly it's going to be some that china will be paying close attention to. >> pepsi, coca-cola and ge have already begun to invest p about. >> ge is very excited about myanmar. we've been following it for a couple of years. big population. 60 million. large land mass. a lot of natural resources. so it was great to see the country begin to open up. >> what did you say to some of the critics, do you say myanmar hasn't opened up enough yet to encourage the kind of investment that ge is putting in to the country? >> i think problem and secretary of state clinton's visit shows the support from around the world. for continuing on the reform path. so i think they'll make it. it's probably not going to be as fast as everybody would like to see. but
and asian viewers today. still to come, india's parliament has opened its winter's session for what could be a tough first day back to business for the prime minister. we'll find out what opposition he faces from our correspondent in mumbai. we'll also find out why asian casinos are putting their chips on the table despite slow economic growth in the region. and obama saves cobbler, but many of his turkey friends will end up on the table today. we evaluate the cost of a thanksgiving dinner with a soft commodities expert. all of that and lent more coming up over the course of the next three hours. it's not just eurozone pmis. china's manufacturing activity expanded for the first time in more than a year this month. >> upbeat data today. according to the flash pmi, the country's manufacturing sector expanded in november coming in at 50.4. and that eat first time it went above the boom or bust level of 50 in 13 months. almost all the sub indices showed improvement. the output sub index also hit a 13 month high at 51.3. and the latest reading follows a series of data showing stronger exports
he'd flown here from india and his wait at that point was over two hours. listen. what are you buying? >> i'm buying a dslr camera. >> you came from india to buy this? is. >> yes. yes, i did. >> really? because they have a thing called the internet. >> this is not the experience i was expecting. >> reporter: well, it all worked out. i snapped this photo maybe about a half-hour later as he gave a thumb's up getting close finally to the cash register. by 5:30 a.m., guys, the lines were much more flowing smoothly, much more back to normal. back to you. >> you are definitely getting punchy. >> the punchy jane wells. >> go easy on that young man. he seemed like a very nice young man. >> i know. poor brandon. his poor mother. >> just go and have another starbucks number 100. thank you, jane. >> half caf. >>> protests by workers at walmarts across the country are not overshadowing what walmart says is shaping up to be a very good start to the holiday shopping season for the world's largest retailer. hampton pearson is at a walmart in maryland with more. from what we were talking about last t
recalled by its manufacturer because it may be contaminated. india-based drugmaker ranbaxy says a total of 41 of its drug version lipitor may contain glass particles. the company said the recall was voluntary and with the knowledge of the fda. this is the same company that came under fire from the fda in 2006 and 2008 because of poor conditions at two of its manufacturing plants in india. >>> are your feet tired from looking for those door-buster deals this weekend? or are you wondering if you could find better deals online? there's an app for that. our cnn money tech reporter laurie segal puts some holiday shopping apps to the test. >> reporter: it's officially holiday season and there are a lot of ways to use your smartphone. find a lot of great deals using your smartphone. we're here at toys "r" us to start out our morning. we used an app red laser to get a good price on one of the season's hottest toys, furby. type in the item and it will find stores nearby that carry it. $54, it matches what they said on my app. the teal furbie, i can get it right here. here's the catch. just becau
. analysts say the data shows china's growth slowdown may be bottoming out. over to india now where the picture is more clear. service sector growth slowed down in october to its slowest in six months. europe's recession and america's sluggish economy played a large role in cutting demand for india's services. the sector makes up 60% of the country's economic output. >> ministers and central bankers are meeting in mexico day one of the summit saw a focus in the debt woes and weighing's fiscal cliff. ministers pushed the u.s. to act decisively to solve the debt ceiling impasse calling it the biggest short term threat to global growth. also a key week for greece. today the government will present either new austerity package to parliament. yesterday they warned the country would be forced out unless the new spending cuts are passed. >> the european central bank is investigating whether they've broken their own lending rules. the central bank may have accepted t-bills as collateral that was ineligible. that means those banks may have to find a further 16 billion euros to put up as what
,000 families in need. >>> india. dozens of men lay on the ground as a stampede of cows trampled them. they did it on purpose. it's part of a century's old ritual. it insures their wishes are fulfilled. they claim nobody ever gets hurt. >>> australia. medical technicians giving a dolphin an mri scan. sea world trainer says the 16-year-old animal is responding slowly to commands. they're worried it has a tumor or hurt itself doing flips. no word on the results. >>> japan. there is a new 100-meter dash world record for sprinting on all fours. this janitor did it in 17 1/2 seconds, breaking hisown old record from 2008. >> more than one second fast service a huge improvement. >> rick: the runner says he thinks in eight years, he'll be able to beat the two legged record of 9.58 seconds. that's a wrap on this fox trip around the world in 80 seconds. >> shep: continuing coverage of breaking news now and that horrifying train crash in west texas. the train hit a flat bed trailer that was carrying war heros. we're getting our first pictures from the scene as hospitals there respond to what they're calli
to remember sevita, but stop a repeat of her tranlic death. her husband is back in india, all coming to terms with the loss of a wife, a daughter, of a first grandchild. a death everyone here hopes won't be in vain, that will lead to a change in the irish abortion law. >> so horrible. the hospital will not comment on the details of the case, but they did send us a written statement saying they followed the usual procedures in cases of sudden maternal death. >>> our fifth story, israel at a tipping point. there are new pictures coming out of gaza tonight. this is what's happening. israel is continuing its assault, targeting 300 hamas targets since the military operation began yesterday. it all started with an air strike that called ahmed al-ja'abari. israel says the barrage of rockets is in retaliation to the 750 rockets fired from gaza into the state this year alone and there is collateral damage. egypt's new government is denouncing israel's actions and causing renewed tension between the two countries. that treaty on which so much rests upon. "outfront" tonight, former chief of staff to ben
, if the governors decide we're going to put all the money into india, it's their decision rather than the part of the more strategic decision-making process. congress would get involved if all the money went to one country. >> do you think? [laughter] >> there's certain country's bbg would like to get rid of that congress wouldn't allow and that sort of thing. but i'm guessing it really needs to be part of really part of the foreign policy apparatus. >> i want to open up to question. we have time for about 20 minutes. please keep them brief so we can get as many as possible. go ahead. >> first time i ever saw -- was 1967 in taipei at usia. it was in chinese. but now i work with two groups. one is dhi esper diplomats which serves the diplomatic community here in washington, and arranges events to show them what goes on you. also people to people international who post the foreign officers at the national defense university. was happen with this is weak, and we take these our homes and arrange events with them, then go back to the home countries and remember us. when diplomats wife went to thail
. not enemies. worldwide. india, starbucks doing very, very well in the initial and green mountain doing best to try to bury the hatchet before it's buried through their head. >> anyway, retailers we should note and talk about retailers this morning upping the ante for the holiday shopping season. walmart beginning the black friday sales on thursday and starting thanksgiving night, the earliest ever to start those sales. meantime kohl's forecasting a rise in sales in the holiday quarter but earnings guidance for the current quarter is below wall street forecasts. >> they had momentum there and kind of took the wind out of the sail. i still don't like the presentation at kohl's versus target. these door busters, these prices, i think that america's eyes glaze over or go to amazon prime. i know that you're going to get crowds and certainly going to get media but this is something where i just feel like costco's model of, listen, we're good, low prices, going to do better than this big thanksgiving promotion. walmart is expensivexpensive. >> they're saying they'll feel an impact of sandy and sti
parade. in india, they light oil lamps. in somalia, a top official greets officers on a one day trip to the country. in the united states, a man stands in front of a poster for the new james bond movie, "skyfall." good movie. jack is back with the cafferty file. >> are you in that new bond movie? >> i am briefly. i do have a cameo role in a james bond movie, can you believe that? >> that's kind of cool, did you get to run around with any of the bond girls? >> i would like to, i don't think they would run around with me. i would like to. daniel craig, james bond, and wolf blitzer. >> that's not bad. i read where it grossed a bucket of money. apparently it is a hot film. check it out. >> i don't know about the bucket of money. >> having you there will enhance the take at the box office. >> i assume it will. >> millions of fans will line up to see you. >> yeah. >> the question this hour, how will the fiscal cliff affect the way you handle your money. bob writes i have been living on the cliff since the bush era in 2000. this step closer to the edge will go almost unnoticed. al writes wh
support to the aussie market. india sensex still on the move now shedding 0.4%. let's also take a look at shares of olam. the agricultural supply chain managers flipped over 10% earlier, but managed to recoup losses ending lower by nearly 8%. the stock was halted earlier this morning after muddy waters questioned its accounting methods. ross, back to you. >> thanks for that. we'll catch you a bit later. you're in europe, we're weight the to the down side by around about 6:4. not mar off the session low. but it comes after good gains yesterday. following strong moves in the u.s., as well. cac 40 down half a percent. weighed town by the moody's downgrade, although expected. and ibex done around 0.4%. french debt market, yields are up to 2.1%. treasuries slightly higher, but still below 6%. ten year bund yields slightly lower. so france is trading with the peripheral in that sense. euro-dollar, 1.2794 is where we stand, dipping slightly on on the back of the french downgrade. dollar-yen 81.26, but the yen has been down at acceseven mont lows. aussie dollar slightly weaker against the u.s.
to russia and they're looking at markets like india. but they've not given up on europe, which will remain its key engine for growth. the european story is more nuanced than the eurozone crisis growth headlines would suggest. in fact, solaris has picked up new business in finland and belgium and will do record sales in spain this year. solaris management considers the company as much european as it is polish and believes the block is strongest staying together. so if the eurozone were a bus, say, none of the passengers should be forced to leave before the ultimate destination is reached. just setting aside for a moment the issue of trade into germany, the polish economy is clipping along at about 2.4% this year. it's expected to slow into next year. so what exactly is the central bank going to do to offset some of that weakness in domestic demand. i'm very pleased to have with me yang, on the committee, and also an academic economist. thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy rate still sits at 4.
, particularly china and india are very attractive and now perceived as safer locations than before. >> and just a reminder did the trade link series, it's every monday 10:50 cet. how the financial crisis is affecting global trade and how you do business around the world. go to tradelinks.cnbc.com. >>> elsewhere in the u.s., congress returns from a thanksgiving break he with talks to resolve the fiscal cliff. with no action by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> the house speaker has called for a short term fix to overt the fiscal cliff so congress can work on a bigger deal in 2013. they naed to
. india will report second quarter gdp figures. and one of china's oldest software developers king soft will announce it profit results. attendees are arriving at the qe-2 conference center in central london ahead of the presentation of lord justice levinson's report on uk press standards. you can see live shots of the arrivals. the long expected and wide ranging report into the culture practices and ethics of the press will be published at 1:30 p.m. london time. that's about 8:30 in the morning eastern time. it will be laid in both houses of parliament at that time and we'll be live outside the conference center later in the show. also still to come, pension funds seeking fresh investment ideas are turning to the credit market. what it means to retirement next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> welcome back. r
company. they are moving it everywhere. india, china, people drinking whisky like mad. >> big deal with india in the past couple of weeks. >> i met with my friend johnny walker black over the weekend. >> how is johnny doing? >> it was at a wedding. he is always there. >> he's a great guy. he should meet by buddy jim beam. >> what's on mad tonight? >> we'll talk about fiscal cliff saying, listen, here's what happens if we solve it. i think this rally today is about solving it. and i'm going to present the world view that is going to be just unbelievable if we get this thing solved which would make a lot of stocks go up dramatically including apple where we would finally get a sense that maybe it's not worth selling because the capital gains tax may not rise that much. >> on friday night intraday was 505. this morning we're creeping up to 548, 550 here. >> i tried to get into the apple store yesterday. apple does have products you want. do they have i-tv? you don't need it because stock is down 20%. i think that apple is a clarity stock. that's the big issue that i'm using for fiscal
&a. and this is a company again, an india company owned wouldby guy are french in their behaviors. stefane has been all over this kind of explaining the various ang angles. so as we're talking about other wealthy french leaving the country amid the tax hikes that you've been talking about, it's also a lot of the entrepreneurs here who are to some glee getting in the crosshairs of the government. >> i have to give you some advice. the key for you is to understand what they're says, be able to report what they're saying, but resist the temptation to go native so that when you come back here, you will understand this country again. that's really the problem. it's when you start to -- >> she hachsn't been over there that long. that happened to you. >> was i referencing tea? >> you're doing a great job. just be careful. >> he spent a lot of time in lo moscow. >> i appreciate the concern. >> he is looking back at what did he, not what you're doing. but you're right, thank you for bringing this stuff up. and politics -- >> i think next time i'll just sting to the euro and euro stoxx 600. >> no, this is the same st
to push all the money out into the economy that is in india, because everyone is afraid to stand. i'd just like to point out the great depression went on for more than 10 years after this rooseveltian seamers started but if you count the world war ii as a statement, which even barack obama's economic adviser, christina romer has refuted the idea that the war actually ended the depression, you know, none of that, the actual original failure of keynesian was during the depression and yet nobody saw that way. but if we're going to take that serious, take the idea that taking up slack in demand is what we need to do, how much do we need to spend? what is the dollar figure that government needs to put out? >> are you asking? >> yeah. >> there's a lot of debate about this. it's hard to come with a precise figure because we are human beings and we do the best -- >> the keynesians are the ones who believe that everything is trackable to these complex mathematical formulas with all kinds of greek letters and stuff. [inaudible] >> there was internal debate in the obama administration how big is the
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